1 NE 78th St Miami, FL 33138
13-unit multifamily property in Miami's Little River neighborhood.
Property Features for 1 NE 78th St
General Information
- Standard status
- Active
- Size
- 7,496 SF
- Lot size
- 0.30 Acres
- Property subtype
- Multifamily
Listing office Fausto Commercial Realty Consultants
Listing date Mar 3, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Strategically located in the heart of Little River, one of Miami’s fastest‑evolving urban neighborhoods.
- Stable in‑place income.
- Prominent corner lot with strong visibility.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $269.9k | $36.00 |
| − Vacancy | −$18.1k | −$2.41 |
| EGI | $251.8k | $33.59 |
| − OpEx | −$113.3k | −$15.11 |
| NOI | $138.5k | $18.47 |
